Brooklyn Center Bankruptcy Attorney: How To Pay For Bankruptcy

Chapter 7 Bankruptcy

Chapter 7 bankruptcy allows a person to eliminate most types of debts completely, while allowing a person to keep all assets that are exempt from creditors.The court filing fee and attorney’s fee for Chapter 7 bankruptcy must be paid in advance.If a person wants Chapter 7 bankruptcy and is not in a big hurry to file, in many cases it makes sense for them to stop making payments on their debts and use the savings to make monthly payments toward the attorney’s fee. Our Brooklyn Center bankruptcy attorney accepts monthly payments and file the case when all of the fees are paid.Sometimes a family member gives clients a gift or a loan of the funds.Sometimes clients have enough in savings to cover the fee or they are able to borrow the funds from their 401k plan.

Chapter 13 Bankruptcy

Sometimes, the funds cannot be borrowed from a family member, the person’s wages may be subject to garnishment or their money in the bank has been seized by creditors.Should they need to file bankruptcy right away, they might consider a Chapter 13 bankruptcy.Chapter 13 allows a person to consolidate their debt and pay a fraction of the debt in monthly payments over three to five years.The debt is not normally required to be paid in full, but only whatever is affordable in the person’s budget. For Chapter 13, our Brooklyn Center bankruptcy attorney needs the filing fee paid in advance, but most or all of the attorney’s fee can be consolidated with the other debts and does not have to be paid in advance.Chapter 13 can be a good way to get immediate protection from the bankruptcy court, even if you don’t have the funds for attorney’s fees up front.

Contact Our Brooklyn Center Bankruptcy Attorney

Attorney fees and filing fees vary according to each case type. In order to discuss your best options, schedule an appointment with our Brooklyn Center bankruptcy attorney.

ABOUT US

Attorney Gregory Wald is rated as "Excellent" by the AVVO attorney rating company. The Better Business Bureau gives him an "A" rating, with no complaints. You can expect prompt answers to you questions and fast, efficient service. Put your future in the hands of an experienced bankruptcy attorney.